How These Investment Brokerage - Regional Stocks are Faring? -- Raymond James Financial, Cowen, Stifel Financial, and Greenhill
NEW YORK, May 23, 2017 /PRNewswire/ --
National and Regional Investment Brokerages firms differ in several ways. National firms, also known as wire houses, maintain networks of hundreds of offices worldwide and offer clients many financial services beyond investment management. Regional firms also maintain lots of different offices, albeit usually within a specific region of the country. Pre-market today, Stock-Callers.com monitors the current performances of Raymond James Financial Inc. (NYSE: RJF), Cowen Group Inc. (NASDAQ: COWN), Stifel Financial Corp. (NYSE: SF), and Greenhill & Co. Inc. (NYSE: GHL). Register now and get full and free access to our downloadable research reports on these stocks at: http://stock-callers.com/registration
Raymond James Financial
On Monday, shares in St. Petersburg, Florida headquartered Raymond James Financial Inc. recorded a trading volume of 624,817 shares. The stock ended at $73.17, rising 0.22% from the last trading session. The Company's shares have gained 5.63% on an YTD basis. The stock is trading above its 200-day moving average by 6.16%. Furthermore, shares of the Company, which through its subsidiaries, engages in the underwriting, distribution, trading, and brokerage of equity and debt securities, and the sale of mutual funds and other investment products in the US, Canada, Europe, and internationally, have a Relative Strength Index (RSI) of 43.91.
On May 18th, 2017, Steward Partners Global Advisory, LLC, a full-service independent partnership associated with Raymond James Financial Services, Inc., which is a subsidiary of Raymond James Financial, announced that financial advisor Mark Pojednic has joined the Company as Senior Vice President and Partner. Pojednic joins Steward's midtown Manhattan office from Wells Fargo Advisors, where he managed $190 million in client assets. Access our complete research report on RJF for free at: http://stock-callers.com/registration/?symbol=RJF
Cowen
New York headquartered Cowen Group Inc.'s stock finished yesterday's session 1.35% lower at $14.60 with a total trading volume of 235,301 shares. The Company's shares have gained 8.96% in the last one month. The stock is trading above its 50-day and 200-day moving averages by 2.88% and 1.72%, respectively. Furthermore, shares of Cowen, which through its subsidiaries, provides alternative investment management, investment banking, research, and sales and trading services for its clients, have an RSI of 50.94.
On May 10th, 2017, Cowen announced that its international prime services division has been named Best Prime Broker - Innovation at the 2017 HFM European Hedge Fund Services Awards. The Company also received a commendation in the Best Boutique Prime Broker category. The HFM European Hedge Fund Service Awards recognizes hedge-fund service providers that have delivered exceptional customer service and innovative product development over the past 12 months. The complimentary research report on COWN can be downloaded at: http://stock-callers.com/registration/?symbol=COWN
Stifel Financial
At the close of trading on Monday, shares in St. Louis, Missouri headquartered Stifel Financial Corp. saw a slight drop of 0.76%, ending the day at $44.67. The stock recorded a trading volume of 423,646 shares. The Company's shares are trading 3.24% below their 200-day moving average. Moreover, shares of Stifel Financial, which provides retail and institutional wealth management, and investment banking services in the US, the UK, and Europe, have an RSI of 37.17.
On May 19th, 2017, Eaton Partners, a wholly owned subsidiary of Stifel Financial, announced that MCH Private Equity has held a final close for its fourth, middle-market private equity fund. The fund, MCH Iberian Capital Fund IV, closed at its hard cap of €350 million. Register for free on Stock-Callers.com and get access to the latest PDF format report on SF at: http://stock-callers.com/registration/?symbol=SF
Greenhill
New York headquartered Greenhill & Co. Inc.'s shares ended the day 0.23% higher at $21.90 with a total trading volume of 265,306 shares. The stock is trading 16.07% below its 200-day moving average. Shares of the Company, which together with its subsidiaries, operates as an independent investment bank for corporations, partnerships, institutions, and governments worldwide, have an RSI of 26.64.
On April 27th, 2017, Greenhill & Co. reported revenues of $56.9 million, a net loss allocated to common stockholders of $0.7 million, and a diluted loss per share of $0.02 for the quarter ended March 31st, 2017. The number of completed transactions in Q1 2017 globally decreased by 10% versus the prior year, while the volume of completed transactions decreased by 16%.
On April 28th, 2017, research firm UBS reiterated its 'Sell' rating on the Company's stock with a decrease of the target price from $21 a share to $19 a share. Download your free research report on GHL at: http://stock-callers.com/registration/?symbol=GHL
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